According to the first estimates obtained by the Spanish Venture Capital & Private Equity Association (ASCRI), through the European platform EDC, the volume of private capital investment in Spain reached EUR1.125 billion in the first quarter of 2021, 84 per cent more than in the same of period last year, from a total of 236 deals.
Of the total number of investments closed over this period, 207 were Venture Capital deals and 29 were Private Equity deals. The volume of Venture Capital investment experienced a significant growth, with EUR542M distributed among the 207 transactions mentioned above, representing an increase of 466 per cent in value and 50 per cent in the number of deals compared to the same period of 2020.
In middle market (investments between EUR10 million-EUR100 million), 18 deals were closed.
Aquilino Peña, President of ASCRI, says: “Venture Capital has been the major player of this first quarter of the year, both in terms of volume and number of investments. The middle market is showing signs of great dynamism, continuing with the trend started in 2020. If several large deals take place, we could be facing a great year in terms of investment value. Spain still maintains its attractiveness for international investors and the beginning of the year promises a strong reactivation of M&A and, therefore, of divestments. Today, as never before, with a major economic crisis, companies backed by Private Capital firms are much more resilient and much more prepared to capture the opportunities of recovery, growth and job creation”.